Start-ups from countries with moderately developed innovation capacity can compete for support from the InnoStars Awards, to convert healthcare ideas into viable enterprises.
Through a competitive programme of funding, mentoring and training, the InnoStars Awards helps start-ups to validate the need for their healthcare innovations, attract investors and ultimately shorten the time it takes to get their ideas to market.
Is it for me?
InnoStars is suitable for micro- and small enterprises, spin-offs and start-ups that already have a prototype, or minimum viable product, but do not yet have a product or service on the market. Applicants must have a legal entity in one of the following countries: Croatia, Czech Republic, Estonia, Greece, Hungary, Italy, Latvia, Lithuania, Poland, Portugal, Romania, Slovakia, or Slovenia.
The journey begins when start-ups submit a competitive application to enter the InnoStars Awards programme. Those accepted will receive €25,000 in “smart money” for training costs, four months of mentoring and also training at two European Bootcamps. Participants also take part in three interviews with potential customers, investors or partners in order to validate the need for their innovation and make valuable connections.
To compete in the InnoStars Awards Final, start-ups first submit their business plan. Those selected will go on to pitch to an international jury of healthcare professionals, representatives of EIT Health, industrial partners and market experts. Winners of the contest receive up to €25,000 to support the launch of their product or service. All entrants benefit from the connections they build with potential partners.
The application process
Apply through the EIT Health Optimy platform between 31 January 2020 and 27 March 2020.